About shib coin price

Shiba Inu is widely considered to be an alternative to Dogecoin ; in fact, proponents of Shiba Inu tout it as "the Dogecoin killer. Shiba Inu and Dogecoin are meme coins, which are cryptocurrencies that are associated with some theme—like the Shiba Inu dog in the case of Shiba Inu and Dogecoin—but are often launched as a parody or inside joke rather than as a digital product that actually has some utility. While Dogecoin was launched in December , Shiba Inu was created in August by an anonymous individual or group called Ryoshi. A tweet from Tesla founder Elon Musk on Oct. Because Musk is one of the most high-profile supporters of Dogecoin and the self-proclaimed "Dogefather," his cryptic tweets often result in heightened volatility in the cryptocurrency space. It remains to be seen whether Shiba Inu will indeed become "the Dogecoin killer" that its growing community of supporters—known as the SHIBArmy—expects.



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WATCH RELATED VIDEO: Shiba Inu Coin - When Will #SHIB Drop Two 0s?

Shiba Inu Coin (SHIB) Hits New All-Time High After 40% Jump


So, what is SHIB? For a brief period in time, rumours that Vitalik chose to own SHIB of his own accord spread like wildfire on social media and the price surged in response. So, can investors expect to see SHIB grow in value again? Ultimately SHIB has no real underlying value.

It is a cryptocurrency that only grows in value because of wild speculation, hype, FOMO and the erratic tweets of Elon Musk. While some lucky investors have seen legendary returns from SHIB and other meme coins, the chances of making any serious gains on SHIB moving forward are extremely low. If investors are willing to gamble on the chance that Elon will post another photo of his puppy, or that a positive rumour about SHIB goes viral, then there may well be some ROI in it for them.

Watch Elon Musk and Mark Cuban discuss the potential applications of meme coins in the video below. When looking at meme-coins in particular, past performance does not guarantee future results. This article is of a general nature only, and is intended for solely informational purposes. This is not financial advice.

Never invest more money than you can afford to lose into any crypto. Get a different perspective on what to wear, what to buy and how to live better from experts whose opinions count. Skip to content. Image Credit: The Sun. Shiba Inu one year price graph. In this story… What is Shiba Inu Coin? Did you enjoy this story? If so, subscribe to our daily newsletter to receive our top tending stories. More from Cryptocurrency. Stories that matter, delivered.



Shiba Inu rises 50% to be 11th-biggest cryptocurrency coin by market value

SHIB crypto price is currently in a strong consolidated zone and can soon see strong momentum in the future. The resource cost has been seeing a solid mix of bulls and bears and can in a little while see a huge potential addition design later on. The establishment in the resource can put it again in the top crypto assets. One can put resources into SHIB as indicated by their necessities and worth action. The week after week technical chart of the Shiba Inu cost is at present seeing a solid consolidation pattern. Coming to the day-by-day graph, the asset is currently in a consolidated move. The cost of the coin has seen a leap of over the disadvantage move and can before long see another high.

The price movements of meme coins are frequently linked to sentiment around breaking news and influencer activity on social media. Shiba Inu.

Shiba inu coin price hits a new record as Robinhood petition gains popularity

Since the correction phase initiated in October end of , the SHIB price has only experienced a steady downtrend. Source- Tradingview. SHIB will remain in a bearish trend until the token price is under the influence of the falling parallel channel pattern. Furthermore, the token chart shows the price is resonating in an inverted pennant pattern whose breakout could free the token price from current consolidation. On a contrary note, the falling channel pattern hides an excellent bullish opportunity for crypto traders if the token give an upside breakout from the resistance trendline. Best Crypto wallet. Follow us on:. Best Buy In. Exchanges Binance.


Shiba Inu Coin Listed on Binance, Price Spikes As Expert Warns of Hype

about shib coin price

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Please, feel Here's a glimpse into the mind of a SHIBtard!

This Meme Coin Seeking To Merge Dogecoin And Shiba Inu Communities Is Up Over 60% Today

So, what is SHIB? For a brief period in time, rumours that Vitalik chose to own SHIB of his own accord spread like wildfire on social media and the price surged in response. So, can investors expect to see SHIB grow in value again? Ultimately SHIB has no real underlying value. It is a cryptocurrency that only grows in value because of wild speculation, hype, FOMO and the erratic tweets of Elon Musk. While some lucky investors have seen legendary returns from SHIB and other meme coins, the chances of making any serious gains on SHIB moving forward are extremely low.


Shiba inu is up over 100% in the last 7 days—here's what to know before investing

The Shiba Inu Coin SHIB has once again surprised the cryptocurrency market after it jumped up by over 45 per cent in the last 24 hours. According to their official website, SHIB is an experiment in decentralised spontaneous community building. The creators of this token have created it from inspiration from Dogecoin. The Shiba Inu has been called 'Dogecoin Killer' by its community. The token is also supported by a large community of coin holders who support and promote the coin on social media like Reddit and Twitter. The crypto market is a very volatile and unpredictable one, and often cryptocurrencies that have no reason for being on top often get pumped up.

Shiba Inu coin price: why is the crypto currency up today, stock prediction - and Elon Musk influence. Cryptocurrency Shiba Inu (SHIB) has seen.

SHIBA INU COIN ELON MUSK SWITCHING FROM DOGE TO SHIB 🔥 SHIB PRICE PREDICTION 🚨

We use cookies and other tracking technologies to improve your browsing experience on our site, show personalized content and targeted ads, analyze site traffic, and understand where our audiences come from. To learn more or opt-out, read our Cookie Policy. Shiba Inu coin has lost value in recent days.


Shiba Inu had an eventful month so far. Besides, Shiba Inu also managed to grab the crown from Dogecoin briefly and became the foremost memecoin for a while. Therefore, in this article, we explore if Shiba Inu price has the potential to make another record high in We also debate on whether the expected price surge could make investors millionaires or not. According to its founder, nearly half of the coins are locked in a liquidity pool on decentralized exchange Uniswap while the other half was sent to Ethereum co-founder, Vitalik Buterin. Ryoshi thought that sending the tokens to Vitalik would help the memecoin grow.

Representation of cryptocurrency Dogecoin is placed on PC motherboard in this illustration taken, June 29, Oct 28 Reuters - Dogecoin, watch out!

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Shiba Inu soared to record highs over the weekend to become the 11th-biggest cryptocurrency by market value. A petition on Change. It appears to have been made in the vein of Dogecoin, a cryptocurrency that was created as a joke in , and also has a Shiba Inu theme. Dogecoin is also up in the past 24 hours, according to CoinGecko.


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